Trump announces 100% import tariff on pharmaceutical drugs
In 2024, America imported nearly 175 billion in pharmaceutical and medicinal products, according to the Census Bureau.
Category: economy
Breaking down the fight over a possible government shutdown
The White House’s Office of Management and Budget sent a memo to federal agencies telling them to prepare layoff plans if there is a government shutdown, increasing the stakes ahead of Congress’ Tuesday deadline to pass a government funding bill. Nikole Killion has details.
PM Modi Highlights Uttar Pradesh As Land Brimming With Immense Investment Opportunities
Highlighting the state’s rapid progress under CM Yogi Adityanath, PM Modi said Uttar Pradesh has emerged as a leader in connectivity and infrastructure, and a key pillar of ‘Atmanirbhar Bharat’ in sectors such as manufacturing, tourism, and defence.
Most tech employees use AI for their jobs, says Google
A recent study by Google’s DORA research division has revealed that a whopping 90% of tech industry workers are using artificial intelligence (AI) in their jobs.
Accenture plans to create 12,000 jobs in Andhra Pradesh
Accenture plans to establish a new campus in Andhra Pradesh, creating 12,000 jobs by seeking 10 acres of land in Visakhapatnam, following similar initiatives by other tech firms.
H-1B visa fee hike driven by Trump`s domestic politics: Tharoor
Shashi Tharoor stated that the sudden surge in H-1B visa fees is driven by domestic political considerations in the US, with Trump aiming to rally support from his anti-immigration base ahead of the upcoming US legislative elections scheduled for November.
GDP was bad, but not as bad as it looked – Salt Funds economist Bevan Graham
Economic forecasts for New Zealand suggest a challenging path until mid-2025, but recent improvements in terms of trade, with a 20% rise in export prices, offer some optimistic momentum.
Donald Trump’s crackdown on immigration: H-1B visas set to get costlier, work permits for Indians may take a hit – 10 things to know about ‘Project Firewall’
The US department of labour has launched “Project Firewall” to target H-1B visa misuse, aligning with President Trump’s “America First” agenda. This initiative aims to protect American workers by scrutinising companies hiring foreign employees and ensuring fair wages. The secretary of labour will personally oversee investigations, with violators facing penalties like back wage repayment and program debarment, impacting industries heavily reliant on H-1B workers, especially Indian nationals.
Greek PM backs early India-EU free trade agreement in call with PM Modi
Greek Prime Minister Kyriakos Mitsotakis, in a phone call with Indian counterpart Narendra Modi, backed the early conclusion of a mutually beneficial India-EU free trade agreement. The leaders also reviewed ties in trade, defence, technology, and investment, reaffirming their commitment to deepening the India-Greece strategic partnership.
Will A Surprise U-Turn Change India-US Trade Forever? Top Advisor Hints Tariff Cut Could Be Just Weeks Away
India’s Chief Economic Advisor hinted that the US may soon lift the 25 percent penalty tariff on Indian goods, reducing total tariff to just 10-15 percent, reviving hopes for smoother trade ties.